News

Glazers revive £2 billion Man Utd float in Asia

Manchester United ranked first in a Forbes list of the 50 most valuable sports brands (Jon Super)

MANCHESTER UNITED’S secretive American owners have revived plans to float the
football club in Singapore.

The Glazer family’s plan to take the Premier League champions public has been
reactivated by improving market conditions.

Between 25% and 30% of the shares would be listed, valuing the club at up to
£2 billion. Up to £600m could be raised if the family decides to go ahead.

The Florida-based tycoons bought the club in 2005 in a controversial deal that
left it saddled with hundreds of millions of pounds of debt. It was a public
company at the time of the takeover.

The Sunday Times revealed Manchester United’s ambitious plot to list in Asia
last June. By December, however, the idea had been shelved amid concerns
that choppy market conditions caused by the eurozone financial crisis had
made big share offerings too risky.